GMX is publicly recruiting a CEO, with a base salary plus token incentives for a total annual salary of up to approximately $700,000
GMX Labs has released a proposal for an upgrade to its leadership structure, which has been approved by DAO governance voting with 96.42% in favor. The proposal points out that as the team expands and competition in the perpetual DEX space intensifies, GMX Labs' early flat, founder-driven organizational structure is no longer sustainable and needs to transition to a clearer and more accountable traditional leadership structure.
The proposal announces the introduction of a CEO through a public recruitment process, with candidates drawn from DeFi, CeFi, traditional finance, and the technology industry. The goal is to complete the recruitment and onboarding by April 2026, and to complete the organizational restructuring and submit a new contributor token allocation plan aligned with performance to the DAO by June. The CEO's responsibilities include setting the strategic direction for GMX Labs, establishing a functional leadership team, strengthening partnerships, and representing GMX Labs in industry events.
In terms of compensation, the CEO's base salary will be between $150,000 and $200,000 per year, paid in stablecoins; performance incentives will be denominated in GMX tokens and directly linked to the growth of protocol fees, with the current annual protocol fee baseline being approximately $60 million. A 50% increase in fees will yield partial rewards, while a 100% increase to about $120 million will yield the full base reward pool of 40,000 GMX tokens. A 125% increase to about $135 million will additionally grant 10,000 GMX as a special reward. The GMX tokens received will also be adjusted by 0.5 to 1.5 times based on the 30-day average price of GMX, with an annual token compensation cap of 75,000 GMX. Of the performance rewards, 25% will be unlocked immediately upon meeting targets, while the remaining 75% will vest linearly over 24 months, with unvested portions forfeited upon early departure.
During the transition period, an interim leadership committee composed of members X, Coin, B, and Kal will be responsible for maintaining operations, advancing the existing roadmap, and leading the search for the CEO.
-- Price
This content is provided for general informational purposes only and doesn't constitute financial, investment, legal, or tax advice. Any events, rewards, online promotions, or related information mentioned herein should not be considered a recommendation, solicitation, or invitation to purchase, sell, trade, or otherwise deal in any crypto assets. Crypto assets are highly volatile and may result in loss. The availability of WEEX services, products, and related events may vary by region. You are responsible for ensuring that your participation is in accordance with applicable local laws and regulations.
You may also like

GMX Introduces One-Click Trading, Excluding Smart Wallets

MegaETH goes live with an FDV exceeding 2 billion USD. Which ecological projects are worth paying attention to?

ZachXBT: Circle has repeatedly failed in compliance actions, involving an amount exceeding 420 million dollars

GMX has launched on the Ethereum mainnet, allowing users to directly transact or provide liquidity.

Coinbase International Site to List ZEN, UMA, and GMX Perpetual Contracts

GMX DAO: Has spent a total of $320,000 to repurchase 48,280 GMX

GMX is publicly recruiting a CEO and has opened candidate applications

What are the chances of a 5X MOONSHOT for HYPE?

Trading Everything, Never Closing: RWA Perpetual Contracts (Part 1)

GMX responds to concerns about the launch progress of MegaETH, stating that the contract has been deployed and the official launch time is to be determined

GMX DAO adjusts buybacks and liquidity through governance programs to restore price discovery

GMX: Approximately 16,800 GMX tokens were repurchased from the open market in the past week

Crypto Exchange BigONE Hit with $27M Loss in Hot Wallet Hack
Imagine your digital wallet suddenly springing a leak, draining funds faster than a faulty ATM— that’s the nightmare…

Best Cryptos to Buy Right Now for Long-Term Gains in 2025

VC Perspective: The Hyperliquid Event Exposes the Power Struggle Between CEX and DEX

USDC Supply Increases by $2 Billion in Seven Days, Stablecoin Trading Volume Surpasses USDT for the First Time

Wall Street Dialogues: Can Scott Bessent Tame Bonds While Suffocating Iran?

Major Client Unveils on Earnings Day|Rewire News Morning Briefing

What’s Happening at OpenAI with Executive Departures?

Important News from Last Night and This Morning (August 25 - August 26)

Jackson Hole Speech Preview: Is the Fed Looking for Reasons to Raise Rates?

Darline Graham wins Republican primary to succeed her brother Lindsey Graham

Phantom's plan to drop Sui exposes the hidden power wallet interfaces hold over user funds

The Twilight of Native Crypto

Cybersecurity Events: USB Worm Targets Crypto Wallets, Apple Closes Hole in Beats Studio Buds

Andrew Kang's Shareholder Letter: Robotics Investment Reaches a Turning Point, Private Valuations Still Severely Lagging

SMEs: The Government Launched the RIMI Six Months After Its Approval in Congress

Debt: The Treasury will offer securities maturing before the elections to renew about $12.6 trillion

SQD adds validated onchain data to Google Cloud BigQuery








